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Friday, February 17, 2023 1:27:05 PM
The average trading volumes so anemic. About 382,000 shares. A sp of about 0.069 cents and with zero new contracts announced over a year now. Kick in the silence and you don’t need to remotely even think about a stock split to raise the share price five fold without damaging the liquidity or the anemia of low trading volumes.
Simply raise the ask price to 0.35 cents and lower the daily trading volumes to an average of 76000 shares. No impact on LQMT’s bottom line. Market cap zooms up. Serious traders outside of penny land can now buy in on a dart throw. And everyone’s portfolio looks a hell of a lot better. Actual share volumes trading pick up. And anyone can now entertain the idea of staying in or trickle selling out if they do choose to do so.
No contracts required, no PR’s required and just about all negative attitudes fade away. All of this accomplished by just raising the ask price above 0.34 cents.
It’s up to the MM’s to get real or unreal. Is it legal who the hell knows, I’m no lawyer. Is trading between 0.065 and .069 legal with the same scenario of zero contracts, zero PR’s cash on hand legal? If so, then why not 0.35 cents?
Good luck to all in LQMT.
Wish TC luck.
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